“The United States could lift even more sanctions against Venezuela as early as next week to facilitate oil sales.”, — write: www.pravda.com.ua
Scott Bessent, photo: Getty Images Source: Reuters citing US Treasury Secretary Scott Bessent
Bessent’s direct speech: “We are canceling sanctions on the oil that will be sold.”
Advertising:
Details: Bessent also said that nearly $5 billion of Venezuela’s frozen monetary assets in the IMF’s special drawing rights could be used to revive the country’s economy.
When asked when sanctions could be lifted from Venezuela, Bessent replied: “It could happen as early as next week.” However, he did not specify what kind of sanctions he was talking about.
The moves are part of efforts by the administration of US President Donald Trump to stabilize the situation in Venezuela and encourage the return of US oil producers to the country, a week after US forces captured Venezuelan leader Nicolas Maduro in Caracas and brought him to New York to face drug-trafficking charges.
Sanctions imposed by the United States prohibit international banks and other lenders from cooperating with the Venezuelan government without a license. But those institutions see the restrictions as an obstacle to restructuring the $150 billion in debt they see as essential to bringing private capital back to the country.
Bessent said that representatives of the IMF and the World Bank have already contacted him regarding the issue of Venezuela. He noted that the US Treasury “is ready to convert Venezuela’s special borrowing rights to the IMF, held in the Fund, into dollars for use in the reconstruction of Venezuela.”
We will remind: Trump previously said that the United States will take over the leadership of Venezuelauntil a clear and safe transition of power takes place there, and he admitted that this can last for years.
Among other things, President Trump’s administration plans to control oil sales from Venezuela.
This week, US Secretary of State Marco Rubio laid out the Trump administration’s 3-step plan for Venezuela.
Trump also said that he will sell China and Russia “all the oil they need” because his administration is taking control of Venezuela’s oil sales.